Thorsten Heins Would Love to Sell BlackBerry

Bloomberg is reporting that Thorsten Heins, the CEO of BlackBerry , is going to get quite the golden parachute if he can sell the company and be replaced by a new leader.

At current prices, Bloomberg estimates Heins' golden parachute compensation package to be worth approximately $44 million. For that kind of money, it's currently in Heins' best financial interest to sell the company and live off the spoils.

However, finding a potential suitor may prove to be difficult for a number of reasons. Pacific Crest analyst James Faucette believes that the company's $4.3 billion in purchase commitments may put a damper on share premiums. Additionally, the company's shrinking market share may make potential suitors wary.


In the following video, Fool contributor Steve Heller discusses Heins' golden parachute and why it'll likely be difficult for the company to be bought out for a high premium.

The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to dominate the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate and give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!

The article Thorsten Heins Would Love to Sell BlackBerry originally appeared on Fool.com.

Fool contributor Steve Heller has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.